MANAGEMENT CONSULTING AGREEMENT 1 TABLE OF CONTENTS

Exhibit 10.1

MANAGEMENT CONSULTING AGREEMENT

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TABLE OF CONTENTS

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MANAGEMENT CONSULTING AGREEMENT

This MANAGEMENT CONSULTING AGREEMENT (this “Agreement”) is made and entered into as of September 28, 2015, by and between Black Knight Advisory Services, LLC, a Delaware limited liability company (“Advisor”), and J. Alexander’s Holdings, LLC, a Delaware limited liability company (the “Company”). Advisor and the Company are collectively referred to herein as the “Parties”.

RECITALS

WHEREAS, Advisor has expertise in the areas of finance, strategy, investment, acquisitions and other matters relating to the Company and its business; and

WHEREAS, in accordance with the terms of this Agreement the Company desires to retain Advisor to provide certain consulting services to the Company, and Advisor desires to perform such services for the Company, on the terms and conditions hereinafter provided.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and other consideration the receipt and sufficiency of which are expressly acknowledged hereby, the Parties hereby agree as follows:

1.Engagement. The Company agrees to retain Advisor, and Advisor agrees to be retained, to perform certain services for the Company as set forth in Section 3 of this Agreement. The Parties acknowledge that the Services (as defined herein) will be performed by officers, employees or consultants of the Advisor, who may also serve, from time to time, as officers, employees or consultants of other companies or entities.

2.Term. The term of this Agreement (the “Initial Term”) shall begin on the date hereof (the “Effective Date” and continue for an initial term expiring on the seventh (7th) anniversary of the Effective Date unless earlier terminated pursuant to Section 10 hereof. Each one-year period during the Initial Term or any extended term that ends on an anniversary date of the Effective Date is referred to herein as an “Agreement Year”.

At the expiration of the Initial Term, this Agreement shall be renewed automatically for additional one-year terms (each, a “Renewal Term”) unless the Advisor or the Company terminates this Agreement pursuant to Section 10 hereof. Notwithstanding anything in this Agreement to the contrary,

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3.Services. Advisor or any of its affiliates shall provide the Company and its subsidiaries and affiliates with the services set forth on Exhibit A hereto (the “Services”).

The Company shall use the Services of Advisor and Advisor shall make itself available for the performance of the Services upon reasonable notice. Advisor shall perform the Services to reasonably meet the Company’s material requirements as identified by the Company, taking into account other engagements that Advisor may have. Advisor shall have the right to identify such employees and agents of Advisor to perform the Services as Advisor shall deem appropriate in its discretion.

The Services are intended to be those services and functions that are appropriate to provide guidance and advice for the operation and management of the Company and are not intended to be duplicative of services and functions for the operating subsidiaries of the Company that are to be performed by officers, employees and consultants of those companies.

4.Independent Contractor; Use of Subcontractors. To the maximum extent permitted by law, Advisor shall be deemed an independent contractor in the performance of Services under this Agreement. This Agreement does not nor shall at any time be deemed to create any fiduciary or other implied duties or obligations whatsoever between Advisor and the Company, other than the duties and obligations expressly set forth herein.

Nothing in this Agreement shall prevent Advisor from rendering or performing services similar to those provided to the Company under this Agreement to or for itself or other persons, firms or companies. Advisor may hire or engage one or more subcontractors to perform any or all of its obligations under this Agreement; provided, however that, subject to Sections 8(c) and 9 of this Agreement, as between Advisor and any such subcontractor, Advisor will in all cases remain primarily responsible to the Company for all obligations undertaken by it under this Agreement.

Nothing contained herein shall create, or shall be construed as creating, a partnership or joint venture of any kind or as imposing upon any Party any partnership duty, obligation or liability to any other Party.

5.Other Activities of Advisor; Investment Opportunities. The Company expressly acknowledges and agrees that neither Advisor nor any of Advisor’s employees, officers, directors, affiliates or associates (collectively, the “Advisor Group”) shall be required to devote its full time and business efforts to the duties of Advisor specified in this Agreement. Advisor shall devote only so much of its time and efforts as Advisor reasonably deems necessary to perform the Services.

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The Company expressly acknowledges and agrees that members of the Advisor Group are engaged in the business of investing in, acquiring and/or managing businesses for their own account, for the account of their affiliates and associates and for the account of other unaffiliated parties, and understands that Advisor will continue to be engaged in such business (and other business or investment activities) during the term of this Agreement. Advisor makes no representations or warranties, express or implied, in respect of the Services to be provided by the Advisor Group. Except as Advisor may otherwise agree in writing after the date hereof:

In no event will any member of the Advisor Group be liable to the Company for any indirect, special, incidental or consequential damages, including lost profits or savings, whether or not such damages are foreseeable, or in respect of any liabilities relating to any third party claims (whether based in contract, tort or otherwise) other than for third-party claims relating to the services which may be provided by Advisor hereunder.

6.Compensation. In consideration of the Services to be rendered by Advisor hereunder, during the term of this Agreement, the Company shall compensate Advisor as follows:

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For purposes hereof, “Adjusted EBITDA” means, for the applicable period, the net income (loss) of J. Alexander’s and its now existing or future subsidiaries for such period on a consolidated basis, before interest expense, income tax (expense) benefit, depreciation and amortization, and adding asset impairment charges and restaurant closing costs, loss on disposals of fixed assets, transaction and integration costs, non-cash compensation, loss from discontinued operations, gain on debt extinguishment, pre-opening costs and certain unusual items, as calculated from J. Alexander’s financial statements.

The calculation of Adjusted EBITDA and the Base Fee payable with respect thereto with respect to any fiscal year will be made in good faith by the Compensation Committee of the Board of Directors of J. Alexander’s (or if there is then no such Committee, by the entire Board of Directors of J. Alexander’s), based on the audited financial statements of J. Alexander’s for such fiscal year and, if applicable, consistent with J. Alexander’s calculation of Adjusted EBITDA for such fiscal year as set forth in its public reports. The Base Fee will be paid within ten (10) business days following the completion of such audit, but in any event no later than 90 days following the end of such fiscal year.

With respect to the fiscal year of J. Alexander’s ending January 3, 2016 and the fiscal year of J. Alexander’s in which this Agreement is terminated (if other than on the last day of such fiscal year), the Advisor shall be entitled to a pro-rated Base Fee determined by multiplying the Base Fee the Advisor would have otherwise been entitled receive for such full fiscal year, by a fraction, the numerator of which is the number of days during such fiscal year that this Agreement was in effect, and the denominator of which is the actual of days in such fiscal year).

7.Out-of-Pocket Expenses. All obligations or expenses incurred by Advisor in the performance of its obligations hereunder shall be for the account of, on behalf of, and at the expense of the Company, and all such expenses shall be promptly reimbursed by the Company. Advisor shall not be obligated to make any advance to or for the account of the Company or to pay any sums, except out of funds held in accounts maintained by the Company, nor shall Advisor be obligated to incur any liability or obligation for the account of the Company. The Company shall reimburse Advisor by wire transfer of immediately available funds for any amount paid by Advisor, which shall be in addition to any other amount payable to Advisor under this Agreement.

8.Standard of Care; Disclaimer; Limitation of Liability.

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9.Indemnification. To the fullest extent permitted by law, the Company shall indemnify and hold harmless Advisor and each of its Related Parties (each, an “Indemnified Party”) from and against any and all losses, claims (whether or not litigated), actions, damages and liabilities, joint or several, and expenses (including amounts paid in satisfaction of judgments, in compromises and settlements, as fines and penalties and reasonable attorneys’ fees and other legal or other costs and expenses of investigating or defending against any claim or alleged claim but excluding any liabilities for taxes of any Indemnified Party), known or unknown, liquidated or unliquidated, to which such Indemnified Party may become subject under any applicable statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment or decree, made by any third party or otherwise, relating to or arising out of the Services or other matters referred to in or contemplated by this Agreement or the engagement of such Indemnified Party pursuant to, and the performance by such Indemnified Party, of the Services or other matters referred to or contemplated by this Agreement, and the Company will reimburse any Indemnified Party for all costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) as they are incurred in connection with the investigation of, preparation for or defense of any pending or threatening claim, or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. The termination of any proceeding by settlement, judgment, order or upon a plea of nolo contendre or its equivalent shall not, of itself, create a presumption that an Indemnified Party was engaged in willful misconduct or bad faith.

The Company will not be liable under the foregoing indemnification provision to the extent that any loss, claim, damage, liability, cost or expense is determined by a court, in a final

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judgment from which no further appeal may be taken, to have resulted solely from the gross negligence or willful misconduct of such Indemnified Party.

The reimbursement and indemnity obligations of the Company, under this Section 9 shall be in addition to any liability which the Company may otherwise have, shall extend upon the same terms and conditions to any Related Party or controlling persons (if any), as the case may be, of Advisor and any Related Party and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Company, Advisor, any such affiliate and any such Related Party or other person. The provisions of this Section 9 shall survive the termination of this Agreement.

10.Termination. This Agreement may be terminated by the Parties as set forth in this Section 10 as follows:

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For purposes hereof “Sale of the Company” means the consummation of a transaction, whether in a single transaction or in a series of related transactions that are consummated contemporaneously (or consummated pursuant to contemporaneous agreements), with any other person or group of persons on an arm’s-length basis, pursuant to which such person or group of persons (a) acquire (whether by merger, unit or stock purchase, recapitalization, reorganization, redemption, issuance of units or stock or otherwise), directly or indirectly, more than fifty-percent (50%) of the voting power of J. Alexander’s or the Company or (b) acquire assets constituting all or substantially all of the assets of J. Alexander’s or the Company and its subsidiaries on a consolidated basis; provided, however, that in no event shall a Sale of the Company be deemed to include any transaction effected for the purpose of changing, directly or indirectly, the domicile, form of organization or the organizational structure of J. Alexander’s or the Company.

11.Accuracy of Information. The Company and its subsidiaries shall furnish or cause to be furnished to Advisor such information as Advisor believes reasonably appropriate to its Services hereunder. The Company and its subsidiaries recognize and confirm that Advisor (a)

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will use and rely primarily on the information provided by the Company and on information available from generally recognized public sources (all such information so furnished to Advisor, the “Information”) in performing the Services contemplated by this Agreement without having independently verified the same; (b) does not assume responsibility for the accuracy or completeness of the Information; and (c) is entitled to rely upon the Information without independent verification.

12.Representations and Warranties. Each of the Parties represents and warrants to the other that:

13.General Provisions.

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If delivered, such notice shall be deemed given when received; if mailed, such notice shall be deemed made or given five (5) days after such notice has been mailed, as provided above.

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[Signature Page Follows.]

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IN WITNESS WHEREOF, the duly authorized representatives of the Parties hereto have executed this Agreement as of the day and year first above written.

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Exhibit A

Description of Services

As requested by the Company: